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Acacia halts North Mara gold processing over leak

Acacia mining has ceased operations in its North Mara gold mine in Tanzania following a prohibition notice to stop using its tailings storage facility from the National Environment Management Council. Despite receiving export permits from the Tanzania Mining Commission and the Ministry of Minerals last week, “All gold production at …

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Govt Closes Down Tanzanite One Mine

The government has temporarily closed mining activities of Tanzanite One Mining Limited (TML). The decision follows breach of some laws and rules and will pave way for some necessary amendments of the same. The Deputy Minister for Minerals, Mr Stanislaus Nyongo said here that initial contracts were beneficial to some …

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Walkabout Resources offshoots first project

The first international project “early-start” by the emerging African graphite producer Walkabout Resources has started to commence procurement, manufacturing and site works for the Lindi Jumbo graphite project. Simultaneously with “early-start”, the company has finalised a placement of US$3.1 million at a price of A$0.23c which is a 10% discount …

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Zanzibar Gold eyes two assets for acquisition

Reports on the acquisition of Mkuvia gold property and Fakawi gold property by Zanzibar Gold Inc have been publicly aired. The Mkuvia property located in the Nachengwea area of southern Tanzania has had small scale local placer operators mining gold from the property since 2005. A preliminary operation plan was …

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Kibo converts Sanderson to key investor

Africa focused energy company – Kibo Energy has today signed a binding term sheet with Sanderson Capital Partners for the conversion of the latter’s 2.5 percent equity interest in the Tanzanian subsidiary, Mbeya Development Company Limited. Mbeya Development is the holder of the company’s physical 120.8Mt Coal Resource in Tanzania. …

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Kibo’s eyes UK reserve power generation market

MAST Energy Developments (MED) has signed a binding conditional agreement for the exclusive right to undertake due diligence and negotiate the potential acquisition of five peaking power sites totaling 25.85MW. The private UK registered company targets the development and operation of flexible power plants to service the reserve power generation …

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TANESCO drops off Kibo Energy

Multi-asset energy company, Kibo Energy has been dropped off Tanzania’s energy plans. According to the company, Tanzania Electricity Supply Company (TANESCO) has informed the company without providing reasons or explanation why it did not qualify to compete in the next stage of the bidding process under a tender issued last …

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